Monarch’s revenue continued to grow in the quarter ending March 31, 2025, with a net revenue of US$125.4m, up 3.1 per cent from $121.7m year-on-year, the company announced.
Adjusted EBITDA increased 6.7% year-over-year to a record $41.1m.
While food and beverage had decreased 0.5 per cent and hotel revenue had decreased 0.4 per cent from the 2024 figures, casino revenue was up by five per cent.
“The first quarter financial performance underscores the effectiveness of our operating strategies and our ability to drive sustained growth,” said CEO John Farahi. “We continue to focus on implementing new technologies and processes across the properties to further elevate operating efficiencies and guest satisfaction.
“Monarch Black Hawk continues to benefit from the property’s position as the premier luxury casino resort in Colorado. We continue to increase market share, especially among the mid-to-upper-tier guests from the Denver and Boulder metro areas.
“In Reno, Atlantis is near the completion of approximately $100m in capital investments in the redesign and upgrade of the property’s hotel rooms. The remaining 76 hotel rooms are anticipated to be completed before the upcoming Memorial Day weekend.”
